Grangex: Final regulatory hurdle cleared to materialise the world’s first CO2-free iron ore mine - Emergers

The Land and Environmental Court has now granted GRANGEX the permit for mining operations at Dannemora, meaning that no regulatory hurdles remains. Next steps are now to complete the financing, and continue the procurement and preparations for the start of construction in the autumn with a planned start of production in 2025. Along with the offtake agreement with Anglo American signed in March, GRANGEX has now taken two major steps to de-risk the case, which combined with a slight mix change in the upcoming SEK 1.9bn financing, motivate a hike in our fair value to SEK 80-150 (72-94) in 12-24 months.

Länk till analysen i sin helhet: https://www.emergers.se/grangex_23o/